Oil and Gas

Dangote Refinery gets another one million crude barrels The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation…

Port Harcourt Refinery Recommences Operation After Years Of Shutdown The Port Harcourt Refining Company in Rivers State has recommenced operation in line with the Federal Government’s promise to ensure the production of refined products…

NNPC Ltd, TotalEnergies sign MoU on adoption of AUSEA The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of Airborne Ultralight…

Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900…

The latest production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the country's oil production fell by 13.6 per cent in July 2023, to an average of 1.08 million barrels per day, compared…

The pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil marketers…

NNPCL terminates crude oil swap deals, adopts cash payments The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it has terminated all crude oil swap deals. The Group Chief Executive Officer (GCEO) of the NNPCL,…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that it will resume its technical safety examination of all fuel retail outlets, tankers, refining facilities, and depot operations to stop the rise…

The Minister of State Petroleum Resources, Chief Timipre Sylva has explained that the recent shortage of petrol across the country has nothing to do with politics, assuring consumers that the Federal Government has taken adequate steps to…

NUPRC shortlists 139 firms for commercialised gas flare programme The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About…